Specializes in development of energy projects in Ukraine. The company combines over 30 years of international energy development and management expertise with in-depth understanding of local market.
Our objective is to bring best international practices to energy investments in Ukraine.
Director, Managing Partner
10 years experience in energy, oil&gas
Upon obtaining his MBA from Georgetown in 2005, Andrew joined AES in Kazakhstan with
responsibility for commercial origination, business development and M&A in Europe, Africa and
CIS. In this role, he was an integral part of the team that executed the $1.5bn sale of 4000 MW
Ekibastuz GRES-1. He also led the efforts to structure and execute a 20 year Power Purchase
Agreement in Cameroon and led power plant development efforts in Mozambique.
In 2008, Andrew
joined Contour Global where he led the efforts to source, value and structure the €545m
acquisition of the 908 MW Maritza East 3 power plant. Upon joining DTEK, the largest energy
company in Ukraine in 2010, Andrew was responsible for increasing power exports out of Ukraine
from 4bn kWh to 10bn kWh in 2012. In his role as Commercial Director, he was responsible for
negotiating power tariffs with all relevant authorities, ensuring commercial dispatch of 16 GW
of electricity portfolio, sales and trading of over 50% of total coal produced in Ukraine as
well as optimization of 4bn cubic meters of natural gas portfolio. Andrew Favorov introduced
best international trading practices in Ukraine and developed company's commercial strategy and
30 years experience in energy, oil&gas
30 years of energy sector experience, including 10 in the CIS, 5 in Africa and 2 each in South
America, Asia and Central Europe. Dale began his career as a nuclear engineer before moving into
the banking sector for several years. In 1997 he was hired by the AES Corporation to run the
Almaty, Kazakhstan office with responsibility for leading regulatory, government and market
issues. He was the founding Chairman of the Kazakhstan Electricity Association.
During his time
with AES Dale was the COO for a large utility in Brazil, started and sold several energy
services companies in South America, led the financing and engineering contract work for a €100m
retrofit and life extension of a power plant in Hungary, managed the development of a 200 MW
hydro in Uganda, and was the Regional Director for Russia, Kazakhstan and Central Asia where he
managed a portfolio of 5 power plants, three distribution companies, two power trading companies
and a coal mine. During his five years in this position he realized the growth in value from
$150m to over $2bn, starting with an LSE-IPO but ultimately monetized in a private sale. Since
2009 Dale Perry has been the MD of SI Energy, developing power projects in Georgia, Indonesia
Commercial Director, Managing Partner
10 years experience in energy, oil&gas
Yaroslav was responsible for M&A and greenfield projects development in CIS countries including
coal-fired power plants, wind farms and biomass CHP at US based company ContourGlobal. Since
2011 was responsible for all export-import operations with power, gas, coal and CO2 with a
turnover over about USD 1 bn within the largest Ukrainian energy company DTEK. Yaroslav managed
to increase Ukrainian power export from 4.1 TWh in 2010 to 9.7 TWh in 2013 and implemented new
coal sales strategy. Yaroslav negotiated first reverse contracts for gas imports from Poland and
Hungary on behalf of private companies. In 2014-2015 Yaroslav took position of Head of coal
trading at DTEK with 40 mn t of coal under management. In September 2014 Yaroslav managed coal
import deliveries over 2 mn t from Russia, Australia and South Africa to Ukraine.
Andrew Favorov as a commercial director was managing electricity and coal sales
Alyona Semykina was head of IR
Work for the major Ukrainian energy player on the top positions ensured deep understanding of Ukrainian energy market
Dale Perry with Andrew Favorov worked on developing 4000 MW Ekibastuz GRES-1 and executed its sale for $1.5bn
Dale Perry run the Almaty, Kazakhstan office with responsibility for leading regulatory, government and market issues. He was the founding Chairman of the Kazakhstan Electricity Association.
Andrew Favorov led power plant development efforts.
Dale Perry served as senior executive at AES Corporation.
Andrew Favorov led the efforts to source, value and structure the €545m acquisition of the 908 MW Maritza East 3 power plant.
6. RUSSIA, Kazakhstan, central asia
Dale Perry was the Regional Director for Russia, Kazakhstan and Central Asia where he managed a portfolio of 5 power plants, three distribution companies, two power trading companies and a coal mine.
7. TURKEY, GEORGIA, INDONESIA
Dale Perry as Managing Director of SI Energy developed power projects n different countries.
Dale Perry led the financing and engineering contract work for a €100m retrofit and life extension of a power plant.
Andrew Favorov led the efforts to structure and execute a 20 year Power Purchase Agreement.
Dale Perry managed development of a 200 MW hydro power plant.
Dale Perry acted as a COO for a large utility.
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ERU Corporation and its Ukrainian subsidiary ERU Trading have qualified for and purchased a 20-year, $38 million Political Risk Insurance policy from the Overseas Private Investment Corporation (OPIC). The policy insures ERU Corporation and its subsidiaries from expropriation, denial of justice, and breach of contract risks in Ukraine. OPIC is a United States Government Agency and its obligation under this contract is secured by the pledge of the full faith and credit of the United States of America
ERU Management, a USA subsidiary of ERU Group, will deliver up to 60 million cubic meters of natural gas per month to Odessa Port Plant and will serve as an off-taker for ammonia and urea. Energy Resources of Ukraine has committed over $20 million in credit support arrangements to restart the operations of the plant by financing the deliveries of natural gas in March.